Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Sykes starts as SRC’s new CFO, executive VP of finance
CICERO, N.Y. — SRC, Inc. has made its choice to replace the retiring Phil Fazio as the company’s chief financial officer. The firm has hired Gwendolyn Sykes as executive VP of finance, and CFO. Fazio is retiring after 16 years of services, SRC said in a Jan. 11 announcement. He retires on Jan. 31, SRC […]

New state law seeks to boost energy grid’s cyber protections
ALBANY — New state legislation signed into law in late December is aimed at increasing cybersecurity safeguards for New York’s energy grid. The legislation, which passed unanimously in both the state Assembly and state Senate, strengthens protections for the local power-distribution system and requires utilities to secure critical infrastructure against cyberattacks, the office of Gov.
Corn production in New York fell nearly 17 percent in 2022
New York farms produced 80.5 million bushels of corn for grain last year, down 16.9 percent from 96.86 million bushels in 2021. That’s according to a Jan. 12 report from the USDA National Agricultural Statistics Service (NASS), Northeastern Regional Field Office. The total yield per acre in the Empire State averaged 140 bushels per acre in

New state office to oversee Micron’s $100 billion investment
ALBANY — Gov. Kathy Hochul is creating an office that will oversee both Micron Technology’s (NASDAQ: MU) $100 billion investment for a semiconductor campus in Clay and the state’s overall effort to develop its semiconductor industry. Hochul’s office refers to it as GO SEMI, which is short for the Governor’s Office of Semiconductor Expansion, Management,

SRC awarded nearly $14M contract modification from U.S. Air Force
CICERO — SRC Inc. was recently awarded an almost $14 million modification to previously awarded U.S. Air Force contract for the Sensor Beam Program. This pact provides for the contractor to research, analyze, technically document, and perform reviews on electromagnetic systems, events, and signatures required by all services and other U.S. agencies, according to a

Gear Motions expands with acquisition of Auto Gear
SYRACUSE — Gear Motions on Jan. 10 announced it has acquired Auto Gear Inc. in a deal that combines two long-time Syracuse–area gear manufacturers. The two firms have worked together for many years as separate entities and will continue those efforts as part of the same company. The Nixon Gear division of Gear Motions is

N.Y. manufacturers expect little improvement over the next six months
The index for future business conditions in the January Empire State Manufacturing Survey held steady at 8.0, suggesting that firms expect little improvement over the next six months. New orders and shipments are expected to rise somewhat, while employment is expected to increase “only modestly,” the Federal Reserve Bank of New York said in its Jan.

New York Farm Show returns to Syracuse area in February
GEDDES, N.Y. — The New York Farm Show returns to the State Fairgrounds in Geddes from Feb. 23-25, with more than 400 exhibitors expected to

Raymond Corp. seeks to fill open second-shift slots at job fair
GREENE, N.Y. — The Raymond Corporation is hosting a job fair Saturday, Jan. 21 from 10 a.m.-2 p.m. to fill positions for its expanding second

State awards first construction contract for I-81 viaduct-replacement project
SYRACUSE, N.Y. — Even though a court battle has the project currently on hold, New York State has awarded the first construction contract for the
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.